Backup offersTour
$5,936 Closing Credit¹
#20968316, Amanda Cunningham, Listing office: Coldwell Banker Apex, REALTORS
$555,000 List price
218 Rainbow Dr Woodway, TX 76712
$6,591
Closing credit¹
4 beds
3 full
2,860 sqft
1.0 acres
$194 / sqft
House
Property details
About 218 Rainbow Dr
A Rare Find in the Heart of Woodway! Nestled in a private, wooded setting surrounded by mature trees, scenic walking trails, and not one—but two tranquil private lakes, this exceptional home offers the perfect blend of nature, comfort, and convenience. Set on a beautifully treed one-acre lot, enjoy breathtaking sunrises and sunsets from multiple balconies that wrap around this inviting home. Inside, you'll find a spacious, updated kitchen that opens to the dining and living areas—ideal for hosting family gatherings or entertaining friends. The main floor boasts three generous bedrooms and two full bathrooms, offering comfort and privacy for all. Upstairs, a private bonus room with a full bath provides the flexibility for a home office, guest suite, or creative studio. Additional features include a detached 2-car garage, a large workshop, and direct frontage access to one of the serene lakes—perfect for fishing, kayaking, or simply relaxing by the water. Don’t miss this rare opportunity to own a peaceful retreat just minutes from the conveniences of town. Welcome home to Woodway living at its finest!
Highlights
Home typeSingle Family Residence
StatusActive
Size2,860 sqft
Lot size1.02 Acres
Year built1963
ParkingAdditional Parking, Asphalt, Driveway, Garage, Garage Door Opener, On Site
MLS #20933981
Garage2 spaces
Virtual tour
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal
- Basement: No
- Interior: Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Additional Parking, Asphalt, Driveway, Garage, Garage Door Opener, On Site
- Architectural Style: Detached
- List Price: $555,000
- Price/SqFt: $194
- HOA Amount: $350 Annually
- Annual Tax Amount: $4,522
- Tax Year: 2024
- Directions: Hwy 84 toward McGregor to Estate Drive & Hewitt Drive exit. Rainbow Drive is to the right as you exit the ramp. House down on the left
- Year Built: 1963
- Living Area: 2,860 SqFt
- Lot Size: 1.02 Acres
- MLS Number: 20933981
- MLS Name: NTR
- Office Name: Kelly, Realtors
- Office Phone: (254) 741-1500
- Listing Agent: Kevin Collins
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 6/21/2025, 5:45:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$555,000
218 Rainbow Dr
$6,591
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $575,300 | $4,522 |
| 2023 | $530,210 | $6,120 |
| 2022 | $470,760 | $6,120 |
| 2021 | $330,820 | $6,313 |
| 2020 | $319,720 | $7,423 |
| 2019 | $318,210 | $3,859 |
| 2018 | $160,600 | $3,859 |
History based on county public records data.
Nearby schools
7
Woodway Elementary School
Public District PK-5
0.4 mi
•325 Estates Dr
3
Parkdale Elementary School
Public District PK-5
2.0 mi
•6400 Edmond Ave
10
South Bosque Elementary School
Public District PK-5
2.0 mi
•1 Wickson Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,350. The majority of Woodway, TX residents have income between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
14%
<35k
58%
35k-100k
21%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
25%
Single, No Kids
5%
Single, with Kids
52%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
11%
18-34 yrs old
41%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Horse Races
Where do the neighbors shop?
Chico's
Nordstrom Rack
Stein Mart
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
LongHorn Steakhouse
What do the neighbors drive?
Cadillac
Mazda
Lincoln
What do the neighbors listen to?
Classical
Rock
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 218 Rainbow Dr
The listing price of 218 Rainbow Dr property is $555,000.
The property 218 Rainbow Dr is a house located in Woodway, Texas, 76712.
Active Listing: 218 Rainbow Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 218 Rainbow Dr are: Woodway Elementary School (GreatSchools Rating 7/10), Parkdale Elementary School (GreatSchools Rating 3/10), South Bosque Elementary School (GreatSchools Rating 10/10), Midway Middle School (GreatSchools Rating 6/10), River Valley Middle School (GreatSchools Rating 8/10), Tennyson Middle School (GreatSchools Rating 3/10), Midway High School (GreatSchools Rating 7/10), Waco High School (GreatSchools Rating 2/10), Harmony School of Innovation - Waco (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $4,522 (source: MLS/based on county public records data).
The property at 218 Rainbow Dr has 4 bedrooms and 3 bathrooms.
The property 218 Rainbow Dr is 2,860 SqFt (source: MLS/tax record).
The year of construction for 218 Rainbow Dr is 1963.
This home is located at 218 Rainbow Dr in Woodway, TX and zip code 76712. This 2,860 square foot home, which was built in 1963, sits on a 1.02 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $555,000.
From Rocket Homes Real Estate and based on county public records data.